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Volume XXII, Issue II February 2013
The mission of the Ad Valorem Division of the Oklahoma Tax Commission is
to promote an ad valorem property tax system which is fair and equitable
to all taxpayers by implementing standard valuation methodology, tax law
conformity, and assessment administration compliance.
Oklahoma
Ad Valorem F O R U M
“IAAO Zangerle Award Winner:
1997 and 2010”
Director’s Notes:
We enjoyed the CODA mid-winter meeting last week down in Norman. It was held at a nice facility, and
that was a beautiful snow we had for a couple of hours. It looked like it belonged on an Oklahoma postcard.
I’m still not used to driving all the way to Norman to the Embassy Suites instead of the Biltmore. Last year,
you know we had a few folks that drove to Oklahoma City out of habit, but I wasn’t one of them.
The sessions went well, and we had a good discussion on state questions which will be implemented in
2013. SQ 758 will provide for a 3% cap for homestead. Agricultural land was discussed at the meeting and at
the 4-C the week before. We feel that it will be fairly easy to implement after the first year as everyone gets
used to it. SQ 766 on intangibles will probably have more of an impact at the central level, but it is somewhat
more complicated. We also had a good discussion with some assessors and members of the State Board
subcommittee on the “live” audit for 2013.
The 2013 Oklahoma Legislature has convened. There are several ad valorem bills already under
consideration. We’ve been tracking those and responding to requests for information. Thank you for your
assistance if we’re asked to gather county information. It is important that we get legislative impact studies
done accurately.
As we discussed at the County Assessor break-out session, The Progress Report to the Legislature has
gone over to the Capitol, and we appreciated the county assessors’ help in preparing the report. That report
is a valuable collection of information about counties and the ad valorem system as a whole. We always get a
lot of questions about the report.
Public Service Capitalization Rate Study
We’re looking forward to the Public Service Capitalization Rate Conference March 28th and 29th. This
is our sixth year in a row to have a cap rate conference and we continue to improve our efforts in valuation
of public service properties.
Geographic Information Council Day at the Capitol
GIS Day at the Capitol is scheduled for March 14 at the Capitol. Call Troy Frazier or Wade Patterson, the
GIS representative, if you have any questions.
Jeff Spelman, CAE
Director, Ad Valorem Division
P.S. “It is a common experience that a problem that is difficult at night is resolved in the morning after the committee
of sleep has worked on it.” John Steinbeck.

Volume XXII, Issue II February 2013
The mission of the Ad Valorem Division of the Oklahoma Tax Commission is
to promote an ad valorem property tax system which is fair and equitable
to all taxpayers by implementing standard valuation methodology, tax law
conformity, and assessment administration compliance.
Oklahoma
Ad Valorem F O R U M
“IAAO Zangerle Award Winner:
1997 and 2010”
Director’s Notes:
We enjoyed the CODA mid-winter meeting last week down in Norman. It was held at a nice facility, and
that was a beautiful snow we had for a couple of hours. It looked like it belonged on an Oklahoma postcard.
I’m still not used to driving all the way to Norman to the Embassy Suites instead of the Biltmore. Last year,
you know we had a few folks that drove to Oklahoma City out of habit, but I wasn’t one of them.
The sessions went well, and we had a good discussion on state questions which will be implemented in
2013. SQ 758 will provide for a 3% cap for homestead. Agricultural land was discussed at the meeting and at
the 4-C the week before. We feel that it will be fairly easy to implement after the first year as everyone gets
used to it. SQ 766 on intangibles will probably have more of an impact at the central level, but it is somewhat
more complicated. We also had a good discussion with some assessors and members of the State Board
subcommittee on the “live” audit for 2013.
The 2013 Oklahoma Legislature has convened. There are several ad valorem bills already under
consideration. We’ve been tracking those and responding to requests for information. Thank you for your
assistance if we’re asked to gather county information. It is important that we get legislative impact studies
done accurately.
As we discussed at the County Assessor break-out session, The Progress Report to the Legislature has
gone over to the Capitol, and we appreciated the county assessors’ help in preparing the report. That report
is a valuable collection of information about counties and the ad valorem system as a whole. We always get a
lot of questions about the report.
Public Service Capitalization Rate Study
We’re looking forward to the Public Service Capitalization Rate Conference March 28th and 29th. This
is our sixth year in a row to have a cap rate conference and we continue to improve our efforts in valuation
of public service properties.
Geographic Information Council Day at the Capitol
GIS Day at the Capitol is scheduled for March 14 at the Capitol. Call Troy Frazier or Wade Patterson, the
GIS representative, if you have any questions.
Jeff Spelman, CAE
Director, Ad Valorem Division
P.S. “It is a common experience that a problem that is difficult at night is resolved in the morning after the committee
of sleep has worked on it.” John Steinbeck.